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EXPANDING WORK-LIFE PERSPECTIVES: TALENT MANAGEMENT IN SINGAPORE

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Page 1: EXPANDING WORK-LIFE PERSPECTIVES - Catalyst · 2019-12-16 · Snapshots • City Developments Limited: Thirty percent of staff can choose their hours (within a management-established

EXPANDING WORK-LIFE PERSPECTIVES:

TALENT MANAGEMENT IN SINGAPORE

Page 2: EXPANDING WORK-LIFE PERSPECTIVES - Catalyst · 2019-12-16 · Snapshots • City Developments Limited: Thirty percent of staff can choose their hours (within a management-established

About CatalystFounded in 1962, Catalyst is the leading nonprofit membership organization expanding opportunities for women and business. With offices in the United States, Canada, Europe, and India, and more than 500 preeminent corporations as members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women’s advancement with the Catalyst Award.

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EXPANDING WORK-LIFE PERSPECTIVES:

TALENT MANAGEMENT IN SINGAPORE

Laura Sabattini

Research Partners:BMO Financial GroupChevron Corporation

Credit SuisseDeloitte LLP

Desjardins GroupDeutsche Bank AG

Ernst & YoungHewlett-Packard Company

IBM CorporationKeyBank

McDonald’s CorporationUPS

© 2012 by CATALYST

CATALYST 120 Wall Street, 15th Floor, New York, NY 10005; T (212) 514-7600; F (212) 514-8470CATALYST CANADA 8 King Street East, Suite 505, Toronto, Ontario M5C 1B5 T (416) 815-7600; F (416) 815-7601

CATALYST EUROPE AG c/o KPMG AG, Landis+Gyr-Strasse1, 6300 Zug, Switzerland T +41-(0)44-208-3152; F +41-(0)44-208-3500CATALYST INDIA WRC 17 Ridhi Sidhi Sadan, Tejpal Scheme Road No. 2, Vile Parle (East) Mumbai

email: [email protected]; www.catalyst.org

Unauthorized reproduction of this publication or any part thereof is prohibited.Catalyst Publication Code: D115 ISBN Number: 0-89584-325-0

The findings, views, and recommendations expressed in this report do not necessarily reflect the views of the funding organizations.

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TABLE 1: FINDINGS AT A GLANCE6

MAKING THE CASE FOR WORK-LIFE EFFECTIVENESS IN SINGAPORE

EXPANDING WORK-LIFE PERSPECTIVES | 1

Work-life effectiveness is a key concern for employees in many Asian regions,1 where rapidly developing local economies and work cultures often require long hours and overtime.2 Despite global trends, work-life concerns play out differently within various cultural contexts, and companies need to localize their work-life approach within specific settings where they operate.3 Implementing work-life programs requires the thoughtful integration of a global approach with local customs to ensure the strategies make sense in employees’ day-to-day lives.4

In Expanding Work-Life Perspectives: Talent Management in Asia, Catalyst described the perspectives of 1,834 high-potential employees working in Asia and in the context of a U.S.- or

European-based multinational organization. The findings showed that both women and men were highly driven and interested in getting ahead in their careers and articulated a strong interest in managing work and personal commitments effectively.

In this country profile, we draw from the larger sample to spotlight the experiences of more than 300 high-potential employees working in Singapore, one of the fastest growing economies globally.5 Organizations in this region are also demonstrating increased interest in work-life concerns. Respondents in this study were referred by their respective companies as promising future leaders who are among the best and brightest employees.

IMPORTANT HIGHLIGHTS

• Regardless of gender, future leaders in Singapore favor a dual work and family focus in prioritizing their work-life demands.

• While high-potentials in Singapore are satisfied with the way they are managing work and family demands and with the supports that their companies offer, current flexibility programs do not fully meet their needs.

• Long hours and job pressures still affect high-potential women’s work experiences and their career goals, suggesting the need for companies to consider how current work cultures and work-life policies fit the experiences of all their talent.

WOMEN AND MEN IN SINGAPORE WOMEN IN SINGAPORE

Reported a strong work-family (dual) focus.

Aspired to move to jobs with higher levels of responsibility in the next few years.

Reported that having a good fit between life on and off the job was very important to them and appreciated their companies’ flexibility offerings.

Were more likely to report that their current focus was on their family.

Were more likely to say they would stay at the same job level, and were less likely to aspire to very senior leadership roles.

Reported a considerable gap between their flexibility needs and what was available to them.

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2 | Talent Management in Singapore

Demographic and Cultural ElementsSingapore presents a unique case when it comes to work-life culture and experiences. Some demographic shifts are similar to those of many Western countries including, for example, the aging workforce and limited labor supply.7 These trends have led the local government to emphasize particular policies, such as programs for older workers, increased retirement age, and family incentives for women.8 Singapore also presents important similarities to other countries in Asia, such as top-down workplace structures that emphasize status and hierarchy, a work culture that favors long working hours, and a culturally diverse workforce with a mix of Chinese, Malay, and Indian customs.9

Formalized Policies and LegislationThe Singapore government hopes that implementing effective work-life policies will alleviate the problems of falling fertility rates and a rapidly aging population.10 Leave policies include: • Vacation: Employees generally receive seven

to 14 days vacation.11

• Holidays: Employees receive anywhere from 11 to 13 national holidays throughout the year.12

• Maternity Leave: New mothers receive 12 to 16 weeks maternity leave, 13 eight weeks of which are for those women who have been employed at least 180 days.14 Pregnant women cannot work night shifts between 11 p.m. and 6 a.m.15

• Sick Leave: Employees are entitled to paid sick leave if they have worked for the employer for more than three months, notify their employer within 48 hours, and have a note from a doctor. The number of sick-leave days also depends upon employee tenure.16

Work-Life Grants and Awards• The Work Life Works! Fund provides grants

to firms to adopt flexible hours as part of their work-life balance programs. Fund resources are approximately S$20 million to assist companies with work-life programs and provide up to 80 percent coverage for program costs up to $20,000.17

• Flexiworks! Fund is a program by the Singapore Workforce Development Agency

(WDA) in partnership with the National Trade Union Congress (NTUC) and Singapore National Employers Federation (SNEF). It provides grant money to organizations that institute flexible work policies and hire new workers on part-time or flexible work schedules:18 x Companies can receive up to $10,000 for instituting flexible work arrangements (stipulations apply).

x Companies can receive up to $90,000 for recruiting workers for part-time or flexible work positions (stipulations apply).19

x Costs covered include job redesign, consultancy, recruitment, training, equipment, or development of part-time or flexible working arrangements.20

• Work-Life Excellence Award is a government-funded program that recognizes individual leaders and employers who are committed to their employees’ work-life effectiveness and, specifically, those who 1) recognize the business case for work-life effectiveness; 2) ensure that senior management, direct supervisors, and employees are all committed to promoting positive work-life experiences within the workplace; and 3) implement their work-life strategies effectively.21

x Organizations are eligible for the Work-Life Excellence Award. Individuals are eligible for the Work-Life Leadership Award. Winners can use the award logo for recruitment and publicity purposes for two years from the date of the Award. 22

Singaporean Work-Life Program Snapshots• City Developments Limited: Thirty percent

of staff can choose their hours (within a management-established limit).23

• Cherie Hearts Group International Pte Ltd: The largest childcare operator in Singapore, it offers telecommute options for managers and executives not involved in direct care who work at headquarters; other programs include bereavement, compassionate, emergency, marriage, paternity, sabbatical, study, and exam leave; staff recreation room at headquarters.24

The Work-Life Landscape in Singapore

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EXPANDING WORK-LIFE PERSPECTIVES | 32 | Talent Management in Singapore

WOMEN

MEN51%

64%

27% 24% 22%12%

WORKa DUAL FAMILYa

aSignificant differences for p<.05

Women and Men in Singapore Express High Levels of Work-Family Focus as Well as Interest in Advancing to Higher Job LevelsThough more than half of respondents (57 percent) reported that their current focus was on their job, a considerable number of respondents from Singapore indicated a dual (26 percent) or family focus (17 percent) (Figure 1).28 Some gender differences emerged. Women (22 percent) were more likely than men (12 percent) to say they were currently focusing on their family. Men (64 percent) were more likely than women (51 percent) to say their current focus was on their job. Notably, no gender differences were found among respondents who reported having a “dual” work and family focus.

• ABB Industry Pte Ltd: Flexible work schedules, including flexible start times; compassionate and unrecorded leave for family/personal emergencies, childcare, marriage, paternity, study/exam, and renewal leave; flexible benefits to fit employee lifestyles; robust health benefits, including wellness, educational, and recreational opportunities for individual employees and their families.25

• Merck Sharpe and Dohme: Compressed workweek or flexible hours for approximately half of employees; company gym and trainers; information kiosk computer terminal for employees whose work does not require a computer.26

• Singapore Power: Holistic health program focusing on the well-being of employees,

including financial, educational and personal development, as well as employee health-risk management; S$750 flex dollars to spend on lifestyle needs; recreational facilities and classes; lactation room; enterprise portal providing information about program events; online monthly newspaper; annual family day. Leave benefits include an additional seven days for marriage, paternity, compassionate, and exam leave; working parents of three or more children six years old or younger are eligible for six days of government-paid childcare leave per year, with women eligible for up to nine additional days of unpaid childcare leave; other flexible arrangements include staggered start-time and part-time schedule options.27

Figure 1: WORK, FAMILY, AND DUAL FOCUS (Singapore, by Gender)29

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4 | Talent Management in Singapore

Respondents expressed high levels of interest in moving further up in their careers. More than 80 percent of women and men reported they aspired to move to a higher-level position within the next five years.30 Though the numbers are small, a larger percentage of women (16 percent) than men (8 percent) said that they preferred to stay at the same level (Figure 2).

Figure 2: ASPIRATIONS FOR NEXT LEVEL, NEXT FIVE YEARS (Singapore, by Gender)

SAME LEVELa HIGHER LEVEL

WOMEN

MEN

83%89%

1% 3%16%

8%

aSignificant differences for p<.05

Gender differences also emerged in terms of which career levels respondents were hoping to achieve in their careers overall. Men (62 percent) were more likely than women (40 percent) to say that they were aspiring to senior executive or CEO roles. Women (49 percent) were more likely than men (34 percent) to say they would prefer middle-managerial or non-managerial roles (11 percent and 4 percent respectively).

Regardless of these differences, both women and men who had reduced their career aspirations cited long hours, job pressures, and the stress that these pressures and hours may cause on important relationships as the reasons for their decisions.31

LOWER LEVEL

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EXPANDING WORK-LIFE PERSPECTIVES | 54 | Talent Management in Singapore

aSignificant differences for p<.05

WOMEN

MEN

40%

62%

49%

34%

11% 4%

EASY NOT EASY

WOMEN

MEN

55%61%

45%39%

Figure 3: ASPIRATIONS, CAREER OVERALL (Singapore, by Gender)

High Potentials Report High Effectiveness at Managing Work and Personal Demands Regardless of gender, respondents reported highly positive ratings regarding their ability to manage their work and personal lives (Figure 4).32 Fifty-five percent of women and 61 percent of men found managing work and personal demands “easy.”

Figure 4: MANAGING WORK AND PERSONAL LIFE (Singapore, by Gender)

SENIOR EXECUTIVE/CEOa

MIDDLEMANAGERa

NON-MANAGERIALa

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6 | Talent Management in Singapore

Furthermore, respondents’ ratings of work-life fit were especially high; 96 percent of women and men said that having a good fit between work and personal life was very important to them, while less than 5 percent rated work-life fit as unimportant or of low relevance at this stage in their lives.

Figure 5: IMPORTANCE OF WORK-LIFE FIT (Singapore, by Gender)

NOT IMPORTANT

SOMEWHATIMPORTANT

VERY IMPORTANT

96% 96%

0.6% 0.7% 4% 3%

WOMEN

MEN

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EXPANDING WORK-LIFE PERSPECTIVES | 76 | Talent Management in Singapore

Possibly linked to their ability to manage work and personal life, women and men also gave very high ratings to the flexibility options offered by their companies (Figure 6). More than 70 percent of women and men said that their companies provided enough flexibility to manage work and personal demands.

Figure 6: COMPANY PROVIDES ENOUGH FLEXIBILITY (Singapore, by Gender)

Despite the high levels of satisfaction with flexibility, the gap between respondents’ flexibility needs and their ratings of what their companies offered remains significant in this group.33 For about 80 percent (averaged among both women and men) of respondents (Figure 7), there was a gap between the amount of flexibility their companies provided and the flexibility they as employees needed to achieve a good fit between life on and off the job. These findings might suggest an implementation gap in terms of employees’ ability to fully use the flexibility that is provided to them at work.

DISAGREE

AGREE

WOMEN MEN

28%

72%

24%

76%

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8 | Talent Management in Singapore

Figure 7: GAP BETWEEN CURRENT WORKPLACE FLEXIBILITY AND WORK-LIFE NEEDS (Singapore, by Gender)

17%

83%

WOMEN

MEN

22%

78%

Workplace Meets/Exceeds Expectations

Workplace Does Not Meet Expectations

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EXPANDING WORK-LIFE PERSPECTIVES | 98 | Talent Management in Singapore

INTEGRATING GLOBAL AND LOCAL CONCERNS INTO WORK-LIFE FLEXIBILITY PROGRAMS IN SINGAPORE

NOTES ON WORK-LIFE NEEDS, CONCERNS, AND CHALLENGES OF WOMEN EMPLOYEES:

NOTES:

INSTRUCTIONS: This section includes questions on key dimensions to consider as you integrate both global and local concerns into an effective work-life flexibility program for your organization. Please review the questions, and note your answers in the space provided.

DEMOGRAPHIC AND WORK-LIFE PROFILE

What does your employee population look like in this region? Consider characteristics such as gender, age, location, and family status. Focus on those relevant to your location, industry, and business.

What are the most prevalent work-life needs among your employees? What are their work-life concerns and challenges? Do these needs and concerns vary between women and men? If so, how?

NOTES ON WORK-LIFE NEEDS, CONCERNS, AND CHALLENGES OF MEN EMPLOYEES:

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10 | Talent Management in Singapore

DIFFERENCES BETWEEN WOMEN’S AND MEN’S WORK-LIFE NEEDS, CONCERNS, AND CHALLENGES:

NOTES:

AVAILABILITY AND USE OF PROGRAMS

What work-life programs are offered by your organization?

What are the cultural norms regarding using flexible work arrangements?

Do employees understand these programs as intended?

NOTES:

NOTES:

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EXPANDING WORK-LIFE PERSPECTIVES | 1110 | Talent Management in Singapore

NOTES:

NOTES:

NOTES:

Do employees talk about using these programs? If so, how do they talk about them?

Do employees use the programs that are available to them?

List examples of how employees use work-life programs at your company (e.g., for emergencies only).

NEXT STEPSWhat can your organization do to help employees manage their work and personal lives more effectively? For instance, consider family care, use of technology to effectively manage work-life issues, and concerns specific to younger or older employees.

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12 | Talent Management in Singapore

ENDNOTES

1. Ujvala Rajadhyaksha, Boston College Center for Work & Family, Executive Briefings Series, Work-Life in India (2008) and Flexible Work Arrangements in Asia (2010). Anthony McDonnell, Pauline Stanton and John Burgess, “Multinational enterprises in Australia: Two decades of international human resources management reviewed,” Asia Pacific Journal of Human Resources, vol. 49, no. 1 (2011): p. 9-45; Winnie Ng, “The State of Work-Life Balance in Hong Kong,” Community Business (October 2010) and Winnie Ng and Kate Vernon, “The State of Work-Life Balance in Seoul,” Community Business (June 2010); Amy Wharton and Mary Blair-Loy, “Long Work Hours and Family Life A Cross-National Study of Employees’ Concerns,” Journal of Family Issues, vol. 27, n. 3 (March 2006): p. 415-436.

2. Ng; Ng and Vernon; Wharton and Blair. 3. Anne Bardoel and Helen De Cieri, “Developing a Work/Life

Strategy in a Multinational Enterprise (MNE),” Sloan Work and Family Research Network Encyclopedia (2006).

4. Bardoel and De Cieri.5. Singapore is among the top 10 countries in the world for GDP

(real growth rate) and ranks among the top 50 for industrial production growth rate (Source: CIA World Factbook). Unlike the other Asian countries in this study, it does not rank among the top 100 in terms of workforce availability. See Census of Population 2010: Advance Census Release, Singapore Department of Statistics (August 2010).

6. This report focuses on the experiences of high-potential employees working in Singapore. For a summary of the research and findings among the full sample of survey respondents working in Asia, as well as for more detailed comparative analyses between Singapore and other countries, see Expanding Work-Life Perspectives: Talent Management in Asia (Catalyst, 2012).

7. Singapore Department of Statistics; Shanyuan Foo, “Singapore: Global Policy Brief,” Sloan Center of Aging and Work (October 2009, No. 3). Htwe Thein, Siobhan Austen, Janice Currie and Erica Lewin, “The impact of cultural context on the perception of work/family balance by professional women in Singapore and Hong Kong,” International Journal of Cross Cultural Management, vol 10, no. 3 (2010): p. 303-320.

8. Thein et al., Foo. 9. Foo; Communicaid Group Ltd, Doing Business in Singapore—

Singapore Social and Business Culture: A Singapore Culture Overview (2009).

10. Foo; Ministry of Manpower, Singapore Government, “WoW Fund Overview,” (2011).

11. Janice R. W. Joplin, Margaret A. Shaffer, Anne Marie Francesco and Theresa Lau, “The Macro-Environment and Work-Family Conflict: Development of a Cross Cultural Comparative Framework,” International Journal of Cross Cultural Management, vol. 3, no. 305 (2003). Ministry of Manpower, “Annual Leave,” (2011).

12. Ministry of Manpower, “Public Holidays” (2011). 13. Ministry of Manpower, “Maternity Leave” (2011).14. Joplin et al.15. Ibid.16. Ministry of Manpower, “Sick Leave” (2011).

17. Employer Alliance of Singapore (2011); Ministry of Manpower, “WoW! Fund Overview” (2011).

18. Employer Alliance (2011); Ministry of Manpower, “FlexiWorks!” (2010).

19. Ministry of Manpower, “FlexiWorks!” (2010).20. Employer Alliance (2011).21. Employer Alliance (2011); Ministry of Manpower, “Tripartism

in Singapore” (2011).22. Employer Alliance (2011). 23. Cassandra Chew, “Flexi-work Benefits All, Not Just Women:

Such Family-Friendly Practices Can Also Help Raise Productivity,” The Straits Times (March, 2011).

24. Employer Alliance (2011).25. Ibid.26. Ibid.27. Ibid.28. In Expanding Work-Life Perspectives: Talent Management in

Asia, respondents from Singapore were, on average, more likely than respondents from other Asian countries to report dual work and family focus.

29. Out of the 321 respondents who worked in Singapore, 168 (52%) were men, and 153 (48%) were women. Consistent with demographic trends showing an increase in median age over the past decades (Department of Statistics, Republic of Singapore), participants from Singapore were, on average, slightly older than those from other Asian countries in this analysis. Forty-eight percent of respondents were younger than 35, 42 percent were between 36 and 45 years of age, and the remaining 10 percent were 46 or older. Seventy-two percent of respondents from Singapore were married or partnered and the remaining (28%) were single, divorced, or widowed. Among married/partnered respondents, a large majority (81%, N=185) were in a dual-income family, and about one-fifth (19%, N=43) said their spouse/partner wasn’t currently employed. Sixty-one percent of respondents (N=181) reported having at least one child under 18 living at home, and over 60 percent (66%, N=211) said that they were also involved with taking care of an older relative.

30. These findings are consistent with what was found in the larger Asian sample as well as with existing literature on the topic. See, for example, “Gender Diversity Benchmark for Asia 2011,” Community Business (September 2011).

31. See Sabattini and Carter, p. 6.32. In Expanding Work-Life Perspectives: Talent Management

in Asia, respondents from Singapore had some of the most positive ratings on this question. In the overall sample, on average, China (54%), India (58%), Singapore (58%), and Thailand (51%) were especially likely to rate managing work and family as “easy” compared to other Asian countries in these analyses. Similarly, India (72%), Malaysia (69%), and Singapore (74%) reported the highest levels of satisfaction with their companies’ flexibility offerings compared to other Asian countries.

33. A repeated-measures MANOVA was conducted to examine differences in scores of work-life fit values and ratings of workplace flexibility options. Respondents from Singapore reported particularly high levels of work-life values compared to other countries in the sample.

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EXPANDING WORK-LIFE PERSPECTIVES | 1312 | Talent Management in Singapore

ACKNOWLEDGMENTS

This report reflects the ongoing teamwork and dedication of many individuals, and draws from Catalyst research and advisory services expertise. Catalyst President & CEO Ilene H. Lang provided leadership, insight, and support that were critical to the project’s development.

Nancy M. Carter, Ph.D., Senior Vice President, Research, provided considerable input and guidance that were instrumental in producing this report. Laura Sabattini, Ph.D., Senior Director, Research, conceptualized the study, conducted secondary analyses, and authored the report. The data used in this report come from a project on global leaders conducted in 2006-2008 with the Families and Work Institute.

Nancy Hendryx, Editor and Director, edited the report. Sarah Immerfall, Graphic Designer, designed the report and its cover. Sonia Nikolic, Art Director, oversaw the design process. Alixandra Pollack, Associate, Research, performed the fact check. We also thank Deborah M. Soon, Senior Vice President, Strategy & Marketing, and Susan Nierenberg, Vice President, Global Marketing & Corporate Communications, for their strategic advice on media dissemination.

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14 | Talent Management in Singapore

BOARD OF DIRECTORS

ChairJames S. Turley Chairman & CEO Ernst & Young

SecretaryMaggie Wilderotter Chairman & CEO Frontier Communications Corporation

TreasurerThomas FalkChairman & CEOKimberly-Clark Corporation

Sharon Allen Retired Chairman of the BoardDeloitte LLP

Lloyd C. Blankfein Chairman & CEO The Goldman Sachs Group, Inc.

John BryantPresident & CEOKellogg Company

Ursula M. BurnsChairman & CEOXerox Corporation

Douglas R. Conant Retired President & CEOCampbell Soup Company

Ian M. CookChairman, President & CEO Colgate-Palmolive Company

Mary B. Cranston, Esq. Firm Senior Partner Pillsbury Winthrop Shaw Pittman LLP

Michael S. DellChairman & CEODell Inc.

David B. Dillon Chairman & CEO The Kroger Co.

Jamie Dimon Chairman & CEO JPMorgan Chase & Co.

William A. Downe President & CEO BMO Financial Group

Mary Beth Hogan, Esq.Partner & Management Committee Member Debevoise & Plimpton LLP

Jeffrey R. Immelt Chairman & CEO General Electric Company

Andrea Jung Chairman & CEO Avon Products, Inc.

Muhtar Kent Chairman & CEO The Coca-Cola Company

Ellen J. KullmanChair & CEODuPont

Michel LandelGroup CEOSodexo

Ilene H. Lang President & CEO Catalyst

Gerald Lema Corporate Vice President and President, Asia Pacific Baxter International Inc.

Murray Martin Chairman, President & CEOPitney Bowes Inc.

Robert A. McDonaldChairman, President & CEOThe Procter & Gamble Company

Liam E. McGee Chairman, President & CEO The Hartford Financial Services Group, Inc.

Joseph Neubauer Chairman & CEO ARAMARK

Indra K. Nooyi Chairman & CEO PepsiCo, Inc.

Kendall J. PowellChairman & CEO General Mills, Inc.

Jim SkinnerChief Executive OfficerMcDonald’s Corporation

Stephanie A. Streeter Chief Executive OfficerLibbey, Inc.

Richard K. Templeton Chairman, President & CEO Texas Instruments IncorporatedPeter Voser Chief Executive Officer Royal Dutch Shell plc Richard E. Waugh President & CEO Scotiabank

Thomas J. WilsonChairman, President & CEOAllstate Insurance Company

Chairs Emeriti John H. Bryan Retired Chairman & CEO Sara Lee Corporation

J. Michael Cook Retired Chairman & CEO Deloitte & Touche LLP

Thomas J. Engibous Retired Chairman & CEO Texas Instruments Incorporated

Charles O. Holliday, Jr. Retired Chairman & CEO DuPont

Reuben Mark Retired Chairman & CEO Colgate-Palmolive Company

John F. Smith, Jr. Retired Chairman & CEO General Motors Corporation

Honorary DirectorsTony Comper Retired President & CEO BMO Financial Group

Michael J. Critelli Retired Chairman & CEO Pitney Bowes Inc.

Thomas J. Engibous Retired Chairman & CEO Texas Instruments Incorporated

Ann M. Fudge Retired Chairman & CEO Young & Rubicam Brands

Charles O. Holliday, Jr. Retired Chairman & CEO DuPont

Karen Katen Retired Vice Chairman Pfizer Inc

Reuben Mark Retired Chairman & CEO Colgate-Palmolive CompanyAnne M. MulcahyRetired Chairman & CEOXerox Corporation

Barbara Paul Robinson, Esq. Partner Debevoise & Plimpton LLP G. Richard Wagoner, Jr. Retired Chairman & CEO General Motors Corporation

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16 | Talent Management in Singapore

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